Oil companies Current Affairs, GK & News
RIL warns of KG-D6 shutdown, govt shows CAG’s red card
The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..
Month: Current Affairs - July, 2012
Topics: BP • BSE SENSEX • CNX Nifty • Companies • Geography of Andhra Pradesh • Krishna Godavari Basin • Natural gas by country • Oil companies • Reliance Industries Limited
Deepwater Horizon: BP agrees to pay $7.8-billion settlement
British Petroleum agreed to pay $7.8 billion in to resolve private plaintiffs affected by the spill from one of its wells in the Gulf of Mexico Oil Spill disaster in April 2010. The proposed settlement presents a substantial advancement towards settling issues from the Deepwater Horizon accident and adding further to economic and environmental restoration ..
Month: Current Affairs - March, 2012
Topics: BP • Companies • Deepwater Horizon • Deepwater Horizon litigation • Deepwater Horizon oil spill • Mitsui Oil Exploration • Oil companies • Oil spill • Petroleum Industry